Compare to The Economist's take, at roughly the same time: "The worldwide rise in house prices is the biggest bubble in history. Prepare for the economic pain

Compare to The Economist's take, at roughly the same time: "The worldwide rise in house prices is the biggest bubble in history. Prepare for the economic pain when it pops" http://www.economist.com/node/4079027?story_id=4079027 http://www.economist.com/node/4079027?story_id=4079027 That article was instrumental in convincing me to quit being an architect in 2007, since it was obvious that a real estate crash would bode ill for that profession. When it comes to economic advice, I won't be taking any from the Cato Institute.